Colleges Provide Single Room Accommodations

March 5, 2003

LevelOMeter 8 of 16
Relevant Review:
Demand & Supply
Market Adjustment
Monopolistic Competition
Demand Change

In this article we consider an increasing trend on many college campuses to provide much nicer single room accommodations, for a price. In the past, students who wanted nicer apartments had to move off campus. At some colleges and universities this is no longer the case. Students at these schools can stay on campus and live in nice apartments with very nice private rooms. Some of the economic reasons for this trend are considered in a hypothetical example below where we imagine the change from 1980 to 2003 in this market.

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